(e) Upon the indefeasible payment in full of all amounts owed to Lessor after an Event of
Default (including, without limitation, all accrued Rent, actual out-of-pocket costs and expenses
(including attorney’s fees), indemnity payments and any other sums due and owing hereunder) and, if
so elected by Lessor, delivery of the Aircraft meeting the requirements of Section 11 (provided
that the proceeds thereof shall be applied as set forth in Section 12(c)), this Lease shall
terminate and neither Lessor nor Lessee shall have no further obligations under the Lease, except
with respect to obligations which by the terms of this Lease survive the termination hereof.




|  |  |  |
| --- | --- | --- |
| **13.** |  | **NET LEASE:** |



     This Lease is a net lease. The Lessor shall have no obligation, liability or responsibility
to the Lessee or any other person with respect to operation, maintenance, repairs, alterations,
modifications, correction of faults or defects (whether or not required by applicable law) or
insurance with respect to the Aircraft, all of which matters shall be, as between Lessor and
Lessee, the sole responsibility of Lessee, regardless of upon whom such responsibilities may fall
under applicable law or otherwise, and the Rent payable hereunder has been set in reliance upon the
Lessee’s sole responsibility for all such matters. The Lessee acknowledges and agrees that its
obligations to pay Rent and all other amounts due and owing in accordance with the terms hereof
shall be absolute and unconditional and shall not be released, discharged, waived, reduced, set-off
or affected